World’s Largest Bank Fraud: Inside the $9bn Struggle of a Vietnamese Mogul

The High-Stakes $9bn Campaign to Save a Vietnamese Tycoon from Execution

Vietnamese tycoon Truong My Lan, convicted of masterminding the world’s largest bank fraud, is racing to raise $9 billion to avoid execution.

Lan was sentenced to death for embezzling $12 billion from Saigon Commercial Bank through a decade-long fraudulent scheme.

Vietnamese law allows her sentence to be commuted to life imprisonment if she repays 75% of the embezzled amount.

Lan has faced challenges liquidating her extensive assets, which include luxury properties and business stakes, as authorities have frozen them. Her lawyers argue she needs more time to meet the target.